DescriptionTrendline Charts by Screenulator.com ®
The only stock chart app to automatically display Support and Resistance lines (also known as Trendlines) on a Candlestick chart, powered by Screenulator.com chart pattern recognition engine. It also has a filter or stock screener based on Trendline patterns, such as Resistance breakout and Support penetration. For example, you can see all the stocks that have broke out resistance levels at a glance. The app also displays free real-time quotes for all the stocks you are tracking in one screen.
A trend line is a bounding line for the price movement of a security. A support trend line (or a bottom line) is formed when a securities price decreases and then rebounds at a pivot point that aligns with at least two previous support pivot points. Similarly a resistance trend line (or a top line) is formed when a securities price increases and then rebounds at a pivot point that aligns with at least two previous resistance pivot points. In other words, bottom lines are formed by joining a series of bottom points, and top lines are formed by joining a series of peaks.
Trendlines are considered by many expert traders and investors as the single most important tools in technical analysis. However, unlike other indicators of Technical Analysis, it does not come with a fixed formula, but require human eyes and brain to draw the best fit line across a series of bottoms or tops. It is still very much of an art form. If you are looking for a particular trendline pattern - such as Resistance breakout, the tasks of drawing trendlines for all stocks on the market becomes tedious if not impossible. This tool solves the problem for you.
The App lets user select any US stock by entering symbol or company name, and shows near real time quotes (synched with Yahoo finance), and draws beautiful candle stick charts with trendlines overlay. Charts can be viewed in many timeframes - from 3 months to 10 years or maximum lifespan of the stock. Trendline overlays are designed to help you find true trendlines, not the final answer. Some possible trendline candidates may not match your ideal shape, use your intuition to make the best trading decision.
Stock screeners based on trendline patterns include: Resistance (topline) breakout, Support (bottom line) penetration, Channels (both top and bottom line), Wedge (Consolidation pattern bounded by top and bottom lines), near Support level, near Resistance level. The screening results are updated daily and individual stock charts and automatic trendline drawing is done instantaneously in real time.
- Candlestick charting for all stocks traded in the US market (10000 symbols)
- Advanced chart pattern recognition engine to display trendlines overlay
- Stock screeners based on trendline patterns, updated daily
- Check out more advanced technical analysis tools at www.Screenulator.com!
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